FOR RELEASE: New Hartford, NY, Oct-02-2007
Contact: Christopher R. Byrnes (315) 738 - 0600 ext. 226
PAR Technology Subsidiary Announces $3.5 Million Air Force Research Laboratory Contract Award
NEW HARTFORD, NY PAR TECHNOLOGY CORPORATION (NYSE:PTC)
NEW HARTFORD , N.Y. -- October 2, 2007 —PAR Government Systems Corporation (PGSC), a wholly owned subsidiary of PAR Technology Corporation (NYSE:PTC - News), today announced the receipt of a $3.5 million system development contract. Under this U.S. Air Force Research Laboratory contract, PGSC will be responsible for developing and integrating a geospatial data management system at Air Force Commercial Imagery Group installations.
PGSC will provide technology improvements and enhancements to the commercial imagery and intelligence production operations of the U.S. Air Force. This effort will include the development of a Geospatial Data Management System utilizing current Department of Defense interoperability standards developed at the Air Force Research Laboratory (AFRL). The contract work will be performed by PGSC’s Information Systems and Technology Division located in Rome , New York .
“We are pleased that the Air Force and its AFRL Information Directorate (AFRL/IF) has chosen PGSC to support their commercial imagery program initiative. PGSC’s selection validates our capabilities and reputation in geospatial and imagery systems development,” commented Al Lane , President of PAR’s Government Operations. “We look forward to our continuing and expanding partnership with the AFRL in support of this important program.”
The AFRL/IF, located in Rome , New York., develops systems, concepts and technologies to enhance the Air Force's capability to successfully meet the challenges of the information age. AFRL/IF develops and integrates programs to acquire data, and develops better ways to store data and to process and fuse it into information. AFRL/IF also creates the means to deliver and present tailored information that allows the military decision-maker to have the total sphere of information it needs for successful operations worldwide.
ABOUT PGSC
PAR Government Systems Corporation (PGSC) is an information technology company providing software-based solutions to Federal, State, and local Government agencies as well as private industry customers. During over 30 years of service, PGSC has earned the reputation for developing high quality technical products ranging from theoretical and experimental studies to advanced system prototypes and operational systems.
ABOUT PAR TECHNOLOGY
PAR Technology Corporation is a leading provider of professional services and enterprise business intelligence software and hardware to the hospitality industry. PAR develops, markets and supports hardware and software products that improve the ability of hospitality business professionals to make timely, fact-based business decisions. The Company is a premier provider of I/T management solutions to hotel and restaurant companies, with over 45,000 installations worldwide in over 105 countries. PAR is also a leader in providing computer-based system design and engineering services to the Department of Defense and Federal Government Agencies. PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PTC. For more information visit the Company's website at www.partech.com.
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